Barclays PLC Sells 576,054 Shares of Realty Income Co. (NYSE:O)

Barclays PLC decreased its position in Realty Income Co. (NYSE:O) by 33.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,167,017 shares of the real estate investment trust’s stock after selling 576,054 shares during the period. Barclays PLC’s holdings in Realty Income were worth $62,330,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock valued at $7,436,622,000 after acquiring an additional 555,908 shares during the period. Geode Capital Management LLC lifted its holdings in Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after purchasing an additional 658,240 shares in the last quarter. Norges Bank bought a new position in shares of Realty Income in the fourth quarter worth approximately $624,666,000. Raymond James Financial Inc. purchased a new stake in shares of Realty Income in the fourth quarter worth $553,572,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Realty Income by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock worth $533,529,000 after purchasing an additional 260,071 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Realty Income stock opened at $57.28 on Thursday. The company’s 50-day moving average price is $56.03 and its 200-day moving average price is $56.63. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $51.08 billion, a PE ratio of 54.55, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income’s payout ratio is presently 328.57%.

Analyst Ratings Changes

Several research analysts recently weighed in on O shares. Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Scotiabank dropped their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Finally, Barclays lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.42.

Realty Income Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.